Divorce fallout: Anderson bankrupted

Property tycoon
Warren Anderson
is bankrupt. The beleaguered developer, who rose to wealth and prominence in the 1980s through commercial developments, has been tipped into personal bankruptcy by a debt of more than $1 million owed to a long-time acquaintance in Western Australia.

Mr Anderson said issues related to his divorce had conspired against him.

“The whole bloody shooting match is up in the air and beyond my control," he said. “I’m very upset about the whole thing, particularly what’s happened in WA."

The move into bankruptcy is technically separate to the sale of Mr Anderson’s string of expensive homes and antiques, which are under the control of receivers and are being sold to settle an acrimonious divorce.

His historic Fernhill mansion on the western outskirts of Sydney in Mulgoa, is on the market for between $50 million and $70 million in spite of his attempts to block the sale.

The 654-hectare estate is listed as Mr Anderson’s home address on the insolvency register, which shows that the developer officially went bankrupt on June 21.

“This individual is an undischarged bankrupt," the register note says.

Mr Anderson emerged in the mid-1980s as a highly successful entrepreneur in a state made famous by the exploits of Robert Holmes à Court and Alan Bond.